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FDIC Consumer News - Fall 1999

Important Update: FDIC Insurance Coverage Increased in Late 2008

In the fall of 2008, Congress temporarily increased the basic FDIC insurance coverage limit from $100,000 to $250,000 through December 31, 2009. In addition, the FDIC simplified the rules for the calculation of deposit insurance coverage for revocable trust deposits, including an expanded definition of the "eligible beneficiaries" for additional insurance coverage. As a result, certain previously published information related to FDIC insurance may not reflect the current insurance coverage. For more information, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.


FDIC Web Site Now Easier to Use

Readers of FDIC Consumer News know that the FDIC's Web site (www.fdic.gov) is full of helpful information, including consumer brochures and an interactive Electronic Deposit Insurance Estimator (EDIE) that can help you determine if some of your funds are over the $100,000 insurance limit. Now we're pleased to report that the FDIC Web site has gotten even easier to use, thanks to a recent redesign. Among the latest features:

  • A revised front page, to be updated weekly, that makes it a breeze to locate what's new from the FDIC.

  • An electronic "card catalog" of 50 key words or phrases (such as "deposits") that can help speed your search to the information you want. To get to the card catalog, simply click on the word "Search" in the upper right corner of any page on our Web site.

  • A Customer Assistance Form you can use to ask the FDIC a question about banking or deposit insurance or to submit a complaint about an FDIC-supervised financial institution.
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Last Updated 12/03/1999 communications@fdic.gov

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